Nonprofit · EIN 82-3387200
THE FUTURE PROMISE FOUNDATION INC
Tax-exempt · STOCKBRIDGE, GA 30281
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $400,000 | $395,099 | $4,901 | $49,529 | $375 | $49,154 |
| December 31, 2023 | 990-EZ | $148,000 | $148,264 | -$264 | $44,628 | $375 | $44,253 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $400,000
- of which government grants
- $400,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $6,600
- Salaries, compensation and benefits (total)
- $7,283
- Professional fundraising fees
- $0
- Occupancy
- $332
- Program services (functional)
- $368,933
- Management and general (functional)
- $26,166
Balance sheet and other
- Total assets, start of year
- $44,628
- Total assets, end of year
- $49,529
- Total liabilities, end of year
- $375
- Net assets, end of year
- $49,154
- Net assets without donor restrictions
- $49,154
- Gross receipts
- $400,000
- Employees
- 1
- Volunteers
- 10
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PADDY SHARMA | CEO Trustee or director, Officer | – | $0 |
| JAYASHREE SURESH | EXECUTIVE DI Trustee or director, Officer | – | $0 |
| CHANDLER SHARMA | CHAIRMAN OF Trustee or director, Officer | – | $0 |
| KIRIT PATEL | SECRETARY Trustee or director, Officer | – | $0 |
| ROGER WILLIAMS | DIRECTOR Trustee or director | – | $0 |
| LUZ CEDIEL | DIRECTOR Trustee or director | – | $0 |
| GHANSHYAM PATEL | TREASURER Trustee or director | – | $0 |
| NELLIE JANEIRA | DIRECTOR Trustee or director | – | $0 |
| REDA ROWELL | DIRECTOR Trustee or director | – | $0 |
| SHAILESH PATEL | SECRETARY Trustee or director, Officer | – | $0 |
990-EZ for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHANDLER SHARMA | CEO | 5 | $0 |
| JAYESH SHETH | VICE CHAIR | 5 | $0 |
| SHAILESH PATEL | SECRETARY | 5 | $0 |
| KIRIT PATEL | SECRETARY | 5 | $0 |
| GHANSHYAM PATEL | DIRECTOR | 5 | $0 |
| NELLIE JANERIA | DIRECTOR | 5 | $0 |
| REDA ROWELL | DIRECTOR | 5 | $0 |
| LUZ CEDIEL | DIRECTOR | 5 | $0 |
| JASON KESSER | DIRECTOR | 5 | $0 |
| ROGER WILLIAMS | DIRECTOR | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 205 RICCI CT, STOCKBRIDGE, GA 30281-1483
- Mailing address (990-N for 2022)
- 7171 Jonesboro Road, Morrow GA 30260
- Principal officer (990 for 2024)
- CHANDLER SHARMA
- Principal officer (990-N for 2022)
- Paddy Sharma, 7171 Jonesboro Road, Morrow GA 30260
- Signed the 990
- CHANDLER SHARMA, CHAIRMAN OF BOARD
- Phone
- (404) 513-1173
- Return prepared by
- LOGGINS KERN & MCCOMBS
Mission
INSPIRING, CONNECTING AND EMPOWERING COMMUNITIES TO COLLABORATE FOR SOCIAL IMPACT.
Program accomplishments
- THE FUTURE PROMISE FOUNDATION HAS ESTABLISHED AN AGREEMENT AND MEMORANDUM OF UNDERSTANDING WITH HELPINGUKRAINE.US, 501(C)(3) ORGANIZATION. GRANT FUNDS ARE RECEIVED THROUGH "THE COMMUNITY FOUNDATION FOR NORTHEAST GEORGIA" WHICH ORIGINATES FROM HELPINGUKRAINE.US. THESE FUNDS ARE ALLOCATED TO THE FUTURE PROMISE FOUNDATION FROM HELPING UKRAINE TO SUPPORT THEIR EFFORTS IN ENHANCING THE QUALITY OF LIFE FOR THOSE RECEIVING DISASTER RELIEF IN UKRAINE. THE FUTURE PROMISE FOUNDATION IS TASKED WITH ORGANIZING AND COVERING THE EXPENSES OF ALL VENDORS SUPPLYING GOODS AND SERVICES TO HELPINGUKRAINE.US, SUBJECT TO APPROVAL BY HELPING UKRAINE FOR EACH TRANSACTION.Expenses $368,933 · revenue $400,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-3387200
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Crime and legal-related (I80)
- Assets (IRS master file)
- $49,529
- Income (IRS master file)
- $400,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $400,000 | $395,099 | $49,529 | XML |
| 990-EZ | December 2023 | $148,000 | $148,264 | $44,628 | XML |
| 990-N for 2022 Officer: Paddy Sharma | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: Chandler Sharma | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Chandler Sharma | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Chandler Sharma | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3387200).
Questions about THE FUTURE PROMISE FOUNDATION INC
- What is the EIN of THE FUTURE PROMISE FOUNDATION INC?
- The employer identification number (EIN) of THE FUTURE PROMISE FOUNDATION INC is 82-3387200.
- Is THE FUTURE PROMISE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to THE FUTURE PROMISE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FUTURE PROMISE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE FUTURE PROMISE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE FUTURE PROMISE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE FUTURE PROMISE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names CHANDLER SHARMA.
- Who are the officers and directors of THE FUTURE PROMISE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does THE FUTURE PROMISE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $400,000, expenses of $395,099 and total assets of $49,529 at year end.
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